Zambian Central Bank Holds Interest Rate as Inflation Risks Ease

Higher supplies of corn, the staple food, and a ban on
fishing in the country’s rivers and lakes from November to the
end of February will probably lead to slower consumer-price
acceleration, the Lusaka-based Bank of Zambia said in a
statement on its website. Inflation eased to 7 percent in
January from 7.3 percent a month earlier, and could slow to 6.4
percent by June, Governor Michael Gondwe said Feb. 21.